I use a complete and thorough process to make certain we have considered multiple scenarios and possibilities. While in some cases this process can be completed quickly, for most clients working together becomes an ongoing evolution. Rather than trying to accomplish too much very quickly, we prioritize goals, needs, and resources and then update the plan as we incorporate change. While the timeframe is different for every client, the process remains the same.
1. We begin with our initial meeting to assess your current financial situation and to identify your priorities and concerns.
2. Gathering information to develop a profile of your current situation, including a review of your financial information and relevant documents. We will focus on your unique situation
3. Presenting the planning analysis during a strategy session allowing you to understand where you are in relation to where you want to be in the future.
4. Using the plan as a blueprint, develop an implementation schedule and identify specific products and services to help you reach your goals.
5. The last step is a periodic review. At a minimum, I recommend you assess the need for any changes annually. Even the best financial plan must be monitored to make sure you are continuing in the right direction.
Also see my post on the Financial Planning Process published December 18, 2007
